South African Income Tax Rates from 2016 to 2022

Individuals - Rates

2015/20162016/20172017/20182018/20192019/20202020/20212021/2022
0 - 181 90018%0 - 188 00018%0 - 189 88018%0 - 195 85018%0 - 195 85018%0 - 205 90018%0 - 216 20018%
181 901 - 284 100R32 742 + 26% of the amount above R181 900188 001 - 293 600R33 840 + 26% of the amount above R188 000189 881 - 296 540R34 178 + 26% of the amount above R189 880195 851 - 305 85035 253 + 26% of the amount above R195 850195 851 - 305 85035 253 + 26% of the amount above R195 850205 901 - 321 600R37 062 + 26% of amount above R205 900216 201 - 337 800R38 916 + 26% of amount above R216 200
284 101 - 393 200R59 314 + 31% of the amount above R284 100293 601 - 406 400R61 296 + 31% of the amount above R293 000296 541 - 410 460R61 910 + 31% of the amount above R296 540305 851 - 423 300R63 853 + 31% of the amount above R305 850305 851 - 423 300R63 853 + 31% of the amount above R305 850321 601 - 445 100R67 144 + 31% of amount above R321 600337 801 - 467 500R70 532 + 31% of amount above R337 800
393 201 - 550 100R93 135 + 36% of the amount above R393 200406 401 - 550 100R96 264 + 36% of the amount above R406 400410 461 - 555 600R97 225 + 36% of the amount above R410 460423 301 - 555 600R100 263 + 36% of the amount above R423 300423 301 - 555 600R100 263 + 36% of the amount above R423 300445 101 - 584 200R105 429 + 36% of amount above R445 100467 501 - 613 600R110 739 + 36% of amount above R467 500
550 101 - 701 300R149 619 + 39% of the amount above R550 100550 101 - 701 300R147 996 + 39 % of the amount above R550 100555 601 - 708 310R149 475 + 39 % of the amount above R555 600555 601 - 708 310R147 891 + 39 % of the amount above R555 600555 601 - 708 310R147 891 + 39 % of the amount above R555 600584 201 - 744 800R155 505 + 39% of amount above R584 200613 601 - 782 200R163 335 + 39% of amount above R613 600
701 301 and aboveR208 587 + 41% of the amount above R701 300701 301 and aboveR206 964 + 41% of the amount above R701 300708 311 - 1 500 000R209 032 + 41% of the amount above R708 310708 311 - 1 500 000R207 448 + 41% of the amount above R708 310708 311 - 1 500 000R207 448 + 41% of the amount above R708 310744 801 - 1 577 300R218 139 + 41% of amount above R744 800782 201 - 1 656 600R229 089 + 41% of amount above R782 200
 R1 500 001 and aboveR533 625 + 45% of the amount above R1 500 000R1 500 001 and aboveR532 041 + 45% of the amount above R1 500 000R1 500 001 and aboveR532 041 + 45% of the amount above R1 500 000R1 577 301 and aboveR559 464 + 45% of the amount above R1 577 300R1 656 601 and aboveR587 593 + 45% of the amount above R1 656 600

The tax rate for all tax brackets, except the lowest, was increased by 1% in 2015/16. A summary of older individual rates is available in the archive.

Individuals - Rebates

2015/20162016/20172017/20182018/20192019/20202020/20212021/2022
Primary rebateR13 257R13 500R13 635R14 067R14 220R14 958R15 714
Additional age 65 and over rebateR7 407R7 407R7 479R7 713R7 794R8 199R8 613
Additional age 75 and over rebateR2 466R2 466R2 493R2 574R2 601R2 736R2 871
Tax threshold below age 65R73 650R75 000R75 750R78 150R79 000R83 100R87 300
Tax threshold age 65 - 74R114 800R116 150R117 300R121 000R122 300R128 650R135 150
Tax threshold age 75 and overR128 500R129 850R131 150R135 300R136 750R143 850R151 100

Individuals - Monthly Medical Scheme Tax Credit

 2015/20162016/20172017/20182018/20192019/20202020/20212021/2022
MemberR270R286R303R310R310R319R332
First dependantR270R286R303R310R310R319R332
Subsequent dependantsR181R192R204R209R209R215R224

Individuals - Interest and Dividends Exemption

2015/20162016/20172017/20182018/20192019/20202020/20212021/2022
Individuals below age 65R23 800R23 800R23 800R23 800R23 800R23 800R23 800
Individuals 65 and overR34 500R34 500R34 500R34 500R34 500R34 500R34 500

Tax free savings accounts were introduced in 2015/16. As a result the interest exemptions above will no longer be increased.

Dividends received from domestic companies were generally exempt from income tax. A notable exception was a dividend from a "fixed property company", since such a company may deduct a dividend declared as an expense for tax purposes. Dividends received from foreign companies were generally taxable. A notable exception was a dividend from a JSE Securities Exchange listed company.

A participation exemption for dividends from a holding of more than 25% in the equity share capital of a foreign company came into effect for years of assessment commencing on or after 1 June 2004. This would be the 2005/6 year for individuals. The participation exemption was extended to a holding of at least 20% of the total equity share capital with voting rights of at least 20% for dividends received or accrued on or after 8 November 2005. It was extended to a holding of at least 10% from 1 March 2012.

From 1 April 2012 dividends received from domestic companies are subject to a final withholding tax of 15% but are exempt from normal tax. Only 37.5% (36.6% from 1 March 2015) of dividends from foreign companies are included in individuals' taxable income, so the maximum effective rate on these dividends is 15%. From 22 February 2017 the withholding tax rate was increased to from 15% to 20%. From 1 March 2017 the proportion of dividends from foreign companies included in individuals' taxable income was increased to 44.4%, so the effective rate on these dividends also increased to 20%.

Capital Gains Tax - Inclusion

 2014/15 - 2015/162016/17 on
Individuals & special trusts33.3%40%
Companies & other trusts66.6%80%

Only a percentage of a person's net capital gains for a year is included in taxable income and taxed at normal rates.

Corporate

2015/20162016/20172017/20182018/20192019/20202020/20212021/2022
Standard28%28%28%28%28%28%28%
Small Business
 0 - <65 Threshold
<65 Threshold - 365 000
365 001 -550 000
550 001 and above
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%

The table does not deal with gold mines or long-term insurance companies, which are subject to special rates. Turnover and shareholding conditions apply in respect of the small business corporation system.

A summary of older corporate rates is available in the archive.

Micro Business Turnover Tax

2015/20162016/20172017/20182018/20192019/20202020/20212021/2022
0 - 335 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%
335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000
500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000
750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000

Turnover and shareholding conditions apply in respect of the micro business turnover tax system.



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